Money Men Bullish On African Stocks

Is Africa worth a look for the American investor? Tim Seymour of Seygem Asset Management and Terrence Gray of DWS Scudder answer emphatically in the affirmative.

"If you look at last year, five of the 10 fastest-growing economies in the world were in Africa," Gray told CNBC. "GDP's been very strong, inflation has come down, and, looking at it from a bottom-up, stock-picker's perspective, there's a lot of attractive companies that we can buy."

He likes Nigeria's Guaranty Trust Bank.

"They're gowing their loan book about 100 percent per annum for the past three years," he said. "There's a massive amount of money going into infrastructure in Africa, and this is one of the few ways to play that investment."

While Gray focuses on Nigeria, Zambia, Ghana, and Kenya, Seymour finds opportunities in South Africa.